On December 31,2025, Kingbird Corporation sold for $130000 an old machine having an original cost...
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Accounting
On December Kingbird Corporation sold for $ an old machine having an original cost of $ and a book value of $ The terms of the sale were as follows:
$ down payment
$ payable on December each of the next two years
The agreement of sale made no mention of interest; however, would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December rounded to the nearest dollar? The present value of an ordinary annuity of at for years is
$
$
$
$
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